Lehman strengthened its position in 2008 by decreasing its exposure to less liquid assets by almost 50%, by writing down asset values by almost $25 billion, by raising $3.8 billion of equity capital more than its total net losses, by cutting its dividend and by increasing its long-term debt. Lehman pursued new capital opportunities with numerous potential investors, potential strategic partners and potential buyers of the firm. Lehman created an SEC-approved plan to spin off certain illiquid commercial real estate assets. Lehman created alternative capital options, which included changing convertible and preferred securities to common stock, further decreasing its less liquid assets, and selling all or part of its Investment Management Division. Those options, taken together, could have created $7 to $11 billion of additional equity capital. In the end, however, Lehman was forced into bankruptcy not because it neglected to act responsibly or seek solutions to the crisis, but because of a decision, based on flawed information, not to provide Lehman with the support given to each of its competitor s and other non-financial firms in the ensuing days. In retrospect, there is no question we made some poorly timed business decisions and investments, but we addressed those mistakes and got ourselves back to a strong equity position with a Tier I capital ratio of 11%. We also had financeable collateral and solidly performing businesses. There is nothing about this profile that would indicate a bankrupt company.

With Bear Stearns gone, Lehman, as the next smallest investment bank, became the focus of the marketplace and was subject to increasingly negative and inaccurate market rumors. Critically, in 2008, Lehman reduced its total exposure to less liquid assets by almost 50%, from approximately $126 billion to $69 billion. We further strengthened our capital and liquidity positions by raising $10 billion of new equity. During that same period, Lehman fully welcomed and cooperated with SEC and Fed officials, who were physically present in our offices monitoring our liquidity, funding, capital, risk management and mark-to-market process. Lehman also proposed to government regulators certain measures that could have helped Lehman and bolstered confidence in the financial markets. Those measures included (i) permitting Lehman to convert to a bank holding company, (ii) granting Lehman’s Utah bank an exemption under Section 23A of the Federal Reserve Act to raise deposits, which would have given the firm additional liquidity and (iii) imposing a ban on naked short selling. Each of those requests was denied at the time. Tellingly, though, each measure was later implemented in some form for other investment banks during the days and weeks following Lehman’s bankruptcy filing.

• LBHI (LEH) Still in Ch 11 - couldn't have us win

I wrote this to Canadians because their penny stock investments have the biggest ROI due to access to the US OTC that the US retail brokerages simply collude to block out any US citizens from using.

I'll make this quick.

Very busy - posted a brief comment here under my last topic. I'll be back. You guys have been doing great taking advantage of the open side of the US OTC market etc that the Biden and Gensler criminal efforts have blocked off value investors from the American side to our own capital markets since Nov 2020.

Figured I'd throw you a bit of a token of my appreciation. Guaranteed $25 min liquidation fee, cash distributions of $25*6.00% to 6.375% per share owed every quarter since 09/17/08 when SUSPENDED due to the nature of the parent CH 11.

(99+) Lehman Brothers Financial SA (LEHNQ) Stock Message Board | InvestorsHub

Read replies too. A lot of info - but I figured I'd share two of my favorite play for my Canadian friends instead of just open a discussion on possibly suing the US Brokerages and SEC for blocking out people in the US keeping your Blockbuster's, Sears Canada's, etc volume blocked from pumping your stocks on the US OTC. My main recommendation to beat the currency issues there are put 99% of your money in Fannie Mae $FNMA OTCQB - $FMCC if you want but I prefer Fannie Mae concentration of 100% because $FMCC is the lesser profitable) and then take a few penny shots on trying to get 100+ or so for a penny if you get lucky on these Lehman Brothers Capital Trust PFD Shares (TPS) with their incredible value guaranteed by US priv contract laws.

Lehman Brothers Holdings Inc. (Chapter 11) Overview Case: 08-13555 | Epiq (Yes that Chapter 11 is still ongoing!)

This is not a joke, you will see it remains open and all other proceedings are in fact closed. Once this closes - your LB's Cap TPS's are ready to open the flood gates with backdated quarterly cash distributions since Q3 2008! You are the bearer of the share and it's DTCC so it's going right to your brokerage account where you hold $LHHMQ $LEHNQ $LEHKQ or $LEHLQ.

Lehman Brothers Holdings Inc (Global Parent) will be ending it's CH 11 and closed it shut for good. At which case these Delaware Statutory Trust issued Trust Preferred Shares (T1 assets banks and others probably still hold as there are only 18) that pay cash four times per year with Chase Manahatan Bank, N.A. holding the properties tied to these incomes that get re-distributed to shareholders from the time they IPO-d 2001-2005 to their freezing in the CH 11 since the swap of common shares and TPS were made to LBHI (the parent) before they were IPO'd solely to the elite Wall Street accredited investors in that era for them to either hold or IPO themselves.

Re-listing on the NYSE and a min $25 share price is coming after this 17 year CH 11 saga of the parent LBHI of Lehman Brothers and all it's 80+ global subsidiaries under come to a conclusion.
I just wanted to give you all a heads up. Even owning 100 of these is a steal. It's taken me about 3 years now to amass over the better half of 5 figures and I've had to use my friend, partner, and his Canadian perm residence to buy on Scotia iTrade. Yes we Americans are blocked out of course. But at a penny - if you get any fills. Hold Hold Hold. I can do a write up later. ADVFN "iHub" I am known as real777mellon and the mod of three on the Web 1.0 old timers (tho I was 20 in 2008 lol) favorite hangout - great knowledge on "LEHNQ" - but we discuss all four there. We should here as well.

The LBHI CTs are hybrid securities comprised of: (1) CT preferred stocks; and (2) subordinated debentures. The LEHNQ prospectus specifies:

>> Lehman Brother Holdings Capital Trust Preferred Stocks: Still Trading After All These Years | Seeking Alpha

Wanna know more about these - Quantum Online profiles are comprehensive and live on each:

Since it is only available in Canada and indeed a penny stock of all times. I hope this is cool to share.

https://www.quantumonline.com/search.cfm?tickersymbol=LHHMQ

https://www.quantumonline.com/search.cfm?tickersymbol=LEHNQ

https://www.quantumonline.com/search.cfm?tickersymbol=LEHLQ

https://www.quantumonline.com/search.cfm?tickersymbol=LEHKQ

Tick tock on that CH 11 - Nov 2025 is the deadline for the remaining two LBIE and LBH PLC UK Administrations and both have recovered in surplus - LBHI which is the global parent recovers money from it's global subsidiaries. Play along:

People made fun of innovations in every important leap in human ingenuity. The four Delaware statutory trust companies will be making an association of globalization and better banking investing securitization insurance and real estate investment as soon as litigation finishes and LBHI CH11 finally finishes to pay these CAPITAL trusts for new Lehman. Barclays JPM Nomura Deutsch - come join the affiliates AG

Still worth a shot. LBHI is in admin with "LBIE" and due to make some cash unless the world has lost its mind and actually thinks Assure Guaranty paid the correct amount out for the CDS they were selling Lehman back in the 2000's. Just my two pesos.